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. now, the question is, is this that time? i don't think delays the debt ceiling issue for three months, for punting, which it absolutely is, is the worst thing in the world. here is why, the economy is growing, housing is recovering and we're going to get a little bit of relief here. as the economy grows, we hope that-- we're going to-- >> adam. >> the problem that you have adam, as the economy is growing, and we're coming slowly out of this recession, you've got more taxes coming, payroll taxes are going up and you're going to have the higher rates, ben says is great, rich need to pay more, but basically keeps the lights on for three days and by the way, then you have obamacare taxes. >> and then here is the thing, gerri, there's never the right time. listen, it's not about punting right now. this is an extension -- remember the deal before with the debt ceiling, supposed to be the ultimate deal we'd never have to punt again. this leads to another punt, another punt and things are getting better let's not do it now. things are getting worse, let's not do it it now. and it's raining ou
that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm
all of the cuts out ten years in the future. now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where n
to do it now. it was a price house conservatives demanded for delaying the debt ceiling just by three months. so this is a deal that republicans made with their members just this week, a deal that will define our budget arguments over the next week. they made this deal, if you don't force us into a politically disastrous showdown, we'll do it with an equally disastrous budget deal. i don't understand what is happening in the republican party right now, but it is not good for them. joining me now, robert greenstein, a man who always understands exactly what is happening. bob, good to see you. >> good to see you, ezra. >> so i guess my question is how, how do you make the budget balance in ten years, and keep to all of these different promises? do you know budget -- you know budgets better than anybody i know, so how? >> so there are three things to start with, and you have already mentioned perhaps the most important. he will take advantage of the revenue increases from the fiscal cliff deal. the second thing is since ryan issued his budget a year ago, the congressional budget office w
. you get very small advances. i recommended last week, that in return for a temporary debt ceiling for three months, the the return to the senate and produce a budget. they adopted the idea and they have already succeeded. the senate will now produce a budget, which will allow the fight to be a fair fight between democrats and republicans on spending because the other side will finally have to show its cards. this is a fairly elementary step. that is how i think they ought to proceed. second, they have to understand that obama will try to use administrative actions because the house will block actions by legislation, which is why i am extremely encouraged by the ruling you may remain i've heard by the first circuit today, throwing out the nlrb appointment. [applause] i have been quite shocked by the of lawlessness of the administration by legislating around congress in a way that i think is clearly unconstitutional. for example, passing the dream act. however you stand on the dream at, i should be done by congress and not by the administration. and it did that. because if a conserv
, the fiscal cliff crisis over, the debt ceiling battle pushed off. congress hearing the frustration we've been hearing on the trading floor for months. >> people in the city and outside the industry are just frustrated. >> reporter: frustrate because that gridlock put a lock on the stock market too. but tonight for many of those boomers and so many americans, finally, what appears to be a solid recovery. >> these worst case scenarios people were looking at in 2008, you can start to say, okay, we're not going to go there. >> reporter: couples like john and jeanette who you first met to "world news" two years ago. john had turned 60, jeanette about to. a manufacturing sales rep, he was planning to work another five years because of the market. their retirement dreams had grown simpler since that wedding day. their only trips, to visit their granddaughter. since we last interviewed you, how much has your 401(k) recovered? >> it's gone up about 30%. >> reporter: and one stock alone, how much is it up? >> about 26 or $27,000. >> reporter: their 401(k) growing again along with that granddaughter. is
this week, extended the debt ceiling for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at home is gaining traction with people. are they world leadership weary? is the american hour ticking to a close? >> i think there is a degree of war weariness among the american people. it is not surprising. when your commander in chief is war weary you will be as well. when i was leading troops in baghdad, if i were weary and then my privates who were manning my guns they wouldn't want to go throughout either. . . when she realized that she needed to push forward, she literally took the george and led the charge. -- torch and led the charge. we now present the video of the memory of nellie gray. >> our next guest did not want to be honored. she likes to say, we have not won anything yet. we recognize her for continuing
months into question. this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to b
to raise taxes. two major points are coming up. the continuing resolution and the debt ceiling -- both of those are coming up in the next couple of months. those are leverage points that are the mirror image of the fiscal cliff. those are leverage points that if nothing passes the result is not a default on the debt. that is scaremongering by the president. the result is a temporary partial government shutdown, and we have seen that movie before, 1995, when republicans stood together and the result was some political pain, to be sure, but it was also year after year of balanced budgets, some of the most fiscally as possible policies we have seen -- it's possible policies we have seen in modern times. [applause] the only hope of getting anything affirmative done is going to come from those leverage points he cuts president obama has indicated, sadly, he has no interest in being bill clinton, tacking to the middle, compromising with anybody. the only way we are going to restrain the out-of-control spending and that that is threatening our future is to use the leverage points to force rea
Search Results 0 to 19 of about 20 (some duplicates have been removed)